Samuel Teitelbaum Acquires Development Site In Williamsburg, Brooklyn For $8.2M From Cayuga Capital Management

Samuel Teitelbaum has acquired the development site located at 12 Berry Street in the Williamsburg neighborhood of Brooklyn. The property, purchased for $8.2 million, was sold by Cayuga Capital Management's 10 Berry Development LLC. The site has a total buildable space of 21,266 square feet, including air rights of the same size.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $8,250,000
• Address: 12 Berry Street, Williamsburg, Brooklyn
• Miscellaneous: The property includes 21,266 square feet of air rights, resulting in a total buildable space of the same size.

The buyer, Samuel Teitelbaum, successfully acquired the development site at 12 Berry Street. On the sell side, Cayuga Capital Management's 10 Berry Development LLC, represented by Ryan O. Miller, facilitated the transaction as the seller's representative.